It is rumoured that the EU and the UK governments have decided to stipulate basic requirements for the Crypto Currency/Bit Coin. As you can see, it is never a hard currency with coins or paper but an electronic currency that must be; 1. Nothing more than an electronic payments system such as a Google Pay or Ali Pay or PayPal; 2. It can function as a payment card through the VISA global or MC MasterCard payment system. It is a debit card; 3. It is understood that the customer is essentially opening a bank account managed by the FDIC /CDIC and they will be able to see on their account portal the value of their balance in various foreign currencies. But, bitcoin has no value to reported on any foreign currency exchange. The general bitcoin balance or value will always be on par with the EUD dollar in your portal. So, if you use your US credit or debit card to pay $ USD 100 etc for the um "Bitcoin", then it's a purchase of the EUD; 4. There is a 1.5% fee for each transaction when purchasing your food, K Swiss or coffee; 5. You earn interest per day of .5% per month on your closing monthly balance; 6. That you confirm Bitcoin is an opportunity to educate the public on Financial matters, beginning with currency. Paying for items electronically does not change the legalities of currency; that "Bitcoin" and "Crypto" are brands essentially; not a currency. If you insist that it is a global currency of "no nation", what would that involve? Are you mad? But, keep insisting and you fighting the governing US law that will not be changed since there is nothing to change as we accept the usefulness of the Bitcoin crypto hype to take money from people like a Ponzi scheme by a Madoff and this cannot be condoned by a sitting President or his new association now that he has turned the new leaf; 7. The card will offer credit lines to the account holder of no more than $5000.00 with credit line interest of 3% on the credit lines monthly closing balance; 8. If these stipulations are not followed, offering any coin and currency without these provisos is a criminal offence under UK, US and EU law; finally 9. The monies collected by sellers are proceeds of crime and the monies will be confiscated with a Mareva injunction/ Anton Pillar order. See the case Anton Piller KG v Manufacturing Processes Ltd. 10. We could be dealing with Gillette shaved and shampooed cave men or the Sasquatch that might be the Fire Chief ( God bless him) but we should not abuse them. See the case Mareva Compania Naviera SA v International Bulkcarriers SA. The Mareva [1980] 1 All ER 213. From the Bitcoin policy portfolio of Donald J. Triumph. From notes provided by the Financial Regulation Authority; written by Mark Firehem.

 It is rumoured that the EU and the UK governments have decided to stipulate basic requirements for the Crypto Currency/Bit Coin.  As you can see, it is never a hard currency with coins or paper but an electronic currency that must be;

1. Nothing more than an electronic payments system such as a Google Pay or Ali Pay or PayPal;

2.  It can function as a payment card through the VISA global or MC MasterCard payment system. It is a debit card;  

3. It is understood that the customer is essentially opening a bank account managed by the FDIC /CDIC and they will be able to see on their account portal the value of their balance in various foreign currencies. But, bitcoin  has no value to reported on any foreign currency exchange.  The general bitcoin balance or value will always be on par with the EUD dollar in your portal. So, if you use your US credit or debit card to pay $ USD 100 etc for the um "Bitcoin", then it's a purchase of the EUD; 

4.  There is a 1.5% fee for each transaction when purchasing your food, K Swiss or coffee;

5.  You earn interest per day of .5% per month on your closing monthly balance; 

6. That you confirm Bitcoin is an opportunity to educate the public on Financial matters, beginning with currency. Paying for items electronically does not change the legalities of currency; that "Bitcoin" and "Crypto" are brands essentially; not a currency.  If you insist that it is a global currency of "no nation", what would that involve? Are you mad? But, keep insisting and you fighting the governing US law that will not be changed since there is nothing to change as we accept the usefulness of the Bitcoin crypto hype to take money from people like a Ponzi scheme by a Madoff and this cannot be condoned by a sitting President or his new association now that he has turned the new  leaf; 

7. The card will offer credit lines  to the account holder of no more than $5000.00 with credit line interest of 3% on the credit lines monthly closing balance;  

8. If these stipulations are not followed, offering any coin and currency without these provisos is a criminal offence under UK, US and EU law; finally 

9. The monies collected by sellers are proceeds of crime and the monies will be confiscated with a Mareva injunction/ Anton Pillar order.  See the case Anton Piller KG v Manufacturing Processes Ltd. 

10. We could be dealing with Gillette shaved and shampooed cave men or the Sasquatch that might be the Fire Chief ( God bless him) but we should not abuse them. 

See the case Mareva Compania Naviera SA v International Bulkcarriers SA. The Mareva [1980] 1 All ER 213.

 

From the Bitcoin policy portfolio of Donald J. Triumph.  

From notes provided by the Financial Regulation Authority; written by Mark Firehem.